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Bitconned: The Shocking True Story of Cryptocurrency Fraud Revealed

One of the biggest Crypto scams, put under the microscope by Netflix.

Image: Tomas Mazowski
Updated: January 12, 2024

According to recent reports, Netflix is all set to release the Bitconned documentary on New Year’s Day, Monday, January 1, 2024.

The documentary, directed by Bryan Storkel, sheds light on the true-crime story of three guys who exploited the cryptocurrency market to scam millions from investors and lead extravagant lifestyles.

According to the synopsis, Ray Trapani had always wanted to be a criminal, even as a young boy. In 2017, amidst the economic frenzy of the Bitcoin boom, there was no better place for scammers than cryptocurrency. So when Ray's friend approached him with the idea of creating a debit card for crypto, Trapani jumped at the chance. There was only one problem: he had no idea how to do that. But thanks to fake LinkedIn profiles, paid celebrity endorsements, and the online community’s insatiable desire to "get rich quick," Centra Tech was soon raking in millions of dollars a day. Was it real? No. But did it work? Maybe. In this fast-paced, debaucherous documentary from director Bryan Storkel (Producer of The Legend of Cocaine Island + Director of The Pez Outlaw), Ray himself guides viewers through the ups and downs of his dramatic journey, alongside his family, former friends, and the journalist who exposed Centra Tech as the first high-profile fraud case of the crypto era.

Check out the recently released the trailer.

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